Ransomware Continues to Be Among the Largest Cyber Threats Facing Business
- January 24, 2023
- canarytrap
Businesses of all shapes, sizes and industry types continue to face a significant online threat with the proliferation of ransomware, which is a type of malware that can encrypt, lock or delete files on servers, databases, workstations and laptops.
Cyber criminals are actively targeting organizations to extort large ransom payments for financial gain. Many organizations are left with no other option other than to pay the ransom in order to gain back access to their files.
Ransomware often results in significant financial & productivity losses. In 2021, the average ransom demand was $5.8 million (up from just over $2 million in 2020) and the average ransom payment was $7.9 million (up from just over $1 million in 2020).
It is important that businesses continue to make prudent investments to secure data, networks, systems & end users. Next-Generation Antivirus, Endpoint Detection & Response (NGAV/EDR) solutions like CrowdStrike can help mitigate the risk and impact of ransomware. More importantly, you need to test and assess the security resiliency of your organization through submitting to penetration testing.
Canary Trap specializes in offensive security testing and instructor-led security awareness training. To find out more about the services we provide, please contact us at inquiries@canarytrap.com.
